Lab Automation Market to Witness Massive Growth by 2029 with Top Players - Siemens Healthcare, Roche, Abbott, BD, QIAGEN

Laboratory automation refers to the integration of automated technologies within the laboratory setting to enhance and streamline various processes. It serves as a strategic approach to research, develop, optimize, and leverage technologies in the laboratory environment. The primary purpose of laboratory automation is to automate processes that traditionally required significant human involvement, thereby minimizing human error and improving efficiency.

According to the analysis conducted by Data Bridge Market Research, the global lab automation market is projected to experience significant growth in the forecast period from 2022 to 2029. The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.6% during this period. By 2029, it is expected to reach a market value of USD 14,275.41 million.

Indeed, the market for laboratory automation is witnessing growth due to the high demand for specialized advanced automated services that help eliminate human errors. Market players and companies are increasingly focusing on providing a wide range of tools, equipment, machines, and techniques to support the development and manufacturing of automated laboratory infrastructure.

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Healthcare expenditure has become higher due to several factors, such as the aging population, chronic disease prevalence, rising drug prices, healthcare service costs and administrative costs among others. However, 2020 was the turning point where the expenses ranked the highest due to the COVID-19 pandemic. It has been found that in 2020, healthcare expenditure grew at the fastest rate of growth experienced since 2002 due to the pandemic.

Some key players mentioned in the report are:

QIAGEN,
Siemens Healthcare,
Hoffman Roche,
Hamilton Company,
Hudson Robotics,
LabVantage Solutions Inc.,
Abbott,
BD,
BIOMERIEUX,
Aurora Biomed Inc.,
Danaher,
Tecan Trading AG,
PerkinElmer Inc,
Thermo Fisher Scientific,
Agilent Technologies,
What to Expect in Our Report?

(1) A complete section of the Global Lab Automation market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Lab Automation market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Lab Automation market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Lab Automation market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Lab Automation Market report.

Key Market Segmentation

Product Type

Equipment
Analyzer
Software & Informatics
Automated Systems

Total Lab Automation
Modular Lab Automation

Application

Clinical Diagnostics
Drug Discovery
Genomics Solutions
Proteomic Solutions
Analytical Chemistry
Protein Engineering
Lyophilization
Bio Analysis
System Biology

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About Data Bridge Market Research, Private Ltd

Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve. 

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